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Economics - Questions and Answers

Practice questions on Economics.

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16. Goa economy is mainly based on
A. tourism
B. export of ores
C. agriculture
D. None of these
Explanation:
17. Dr. V. K.R. V. Rao used the ....... method of calculation of national income in India.
A. Income - method
B. Expenditure method
C. Production - method
D. Combined method
Explanation:
18. When does the problem of unfavourable balance of payments arise ?
A. When exports decrease
B. When exports increase
C. When imports decrease
D. When imports are greater than exports
Explanation:
19. All revenues received, loans raised and money received in repayments of loans by the Union Government go into
A. Contingency Fund of India
B. Consolidated Fund of India
C. Public Account of India
D. None of these
Explanation:
20. In our country, which of the following affects poverty line the most ?
A. Level of prices
B. Production quantum
C. Per capita income
D. Quantum of gold reserve
Explanation:
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